EV maker Lucid to accelerate plans with its Saudi Arabia factory its first outside the US Auto Recent
U.S. electrical automobile producer Lucid Group will arrange an overseas manufacturing unit in Saudi Arabia. The manufacturing facility will be capable of producing 155,000 autos per year, and will initially serve the local market, the high-end car manufacturer mentioned in a press release Wednesday. The cars will later be exported to worldwide markets.
Lucid’s manufacturing facility in Arizona can create 350,000 products a year. This means that they can accelerate their plan to provide 500,000 vehicles a year by 2020. This is because the world cannot wait.
The continued power disaster actually simply fuels the transition to electric cars. Demand is now increasing.
EV trade ambitions
Saudi Arabia plans to create an electric vehicle company. This news comes after Tesla announced that it was going to produce cars in China.
Saudi Arabia needs EV battery companies, suppliers and more to set up shop inside the country, which might create 30,000 jobs. Saudi Arabia also wants Lucid Motors, Inc., to make more than electric cars in Saudi Arabia, and mentioned solar energy could be linked to batteries that may very well be used by photo voltaic photvoltaic farms.
This know-how is right here for this region, as a result of bear in brain, when the oil runs dry, the solar will continue to shine.
Saudi Arabia plans to continue investing in renewable energy sources such as solar and wind power. The country also wants to diversify away from fossil fuels.